17 July 2018

Sibanye-Stillwater gets $500m upfront for US production

The group has sold a portion of future production to Wheaton Precious Metals in a deal that will improve its capital structure.

Leaner AngloPlat flags fourfold rise in earnings

The platinum producer has sold operations that don’t meet its profit and cost hurdles, allowing it to resume dividend payments last year.

MTN sells Cyprus operation for R4.1 billion

The telecoms operator says MTN Cyprus was its only operating business outside its core footprint of Africa and the Middle East.

The Week Ahead of 17 July 2018

#ChrisGilmour: However, the background global economy was looking a lot better a year ago and emerging economies were very much in favour then. As long as...

Helen Zille: From the Inside: A Twitter clean-out casts light on the world of sockpuppets, bots, and Putin-Zuma thugocracy

Scrolling down my Twitter timeline, I was immediately struck by the altered tone. Gone were the vicious attacks, the deliberate distortions, the vitriolic insults, to which...

#Russia2018: In Numbers: The World Cup’s frivolous facts and figures summed up

It's not a World Cup until you've chewed over all the numbers.

16 July 2018

Steinhoff clears Austrian competition hurdle

The retailer needs clearance from the authorities in the Czech Republic and Slovakia so it can finalise the sale of Kika/Leiner.

Stenprop boosts UK multi-let portfolio

The property investor says the removal of bridge tolls across the River Severn into Wales will boost demand for industrial accommodation.

New Frontier freezes deals on market uncertainty

The European property investor says it will focus on managing existing assets due to the uncertain business and political environment in the UK.

Trump blasts May’s Brexit strategy on UK visit

Donald Trump issued scathing criticism of Prime Minister Theresa May's Brexit strategy during his visit to Britain, as campaigners planned a mass protest against the US...

Paul Hoffman: Jiba, Mrwebi SCA judgment - no need for panic just yet

Marianne Thamm's careful research around the outcome of the Jiba and Mrwebi appeals shows that what emerged in the SCA judgments on July 10 2018 was entirely...

OP-ED: Mind the Gap: Addressing South Africa's cybersecurity skills shortage

Cybersecurity expertise in South Africa is rather limited as the traditional higher education institutions - our universities and universities of technology - have largely failed to...

OP-ED: The Head and the Load, William Kentridge's epic production on imperial indifference in WWI, premieres in London

An astounding work by SA's premier artist William Kentridge pays homage to the hundreds of thousands of African soldiers who fought and died in World War...

13 July 2018

Taps running dry at DAWN?

Although it has reduced its losses, DAWN’s auditors have questioned its ability to continue as a going concern.

Pan African lifts production, lowers costs

The group has closed its costly underground operations at Evander as it positions itself as a low-cost, long-life gold producer.

SASSAGATE: Net1 is 'cheating' social grant beneficiaries, charges Social Development Minister Susan Shabangu

Net1 companies providing social grants are deceiving beneficiaries to maintain their market share, Social Development Minister Susan Shabangu said on Tuesday, as Sassa continues to implement...

Who’s doing what in the South African & African M&A space?

Anchor Group has sold a 51% stake in Anchor Stockbrokers to a consortium led by Dr S Ngebulana, founder of real estate investment trust Rebosis and...

Corporate finance activity of the week

Aveng has been notified by ATON that it has acquired an interest in the ordinary shares of the company, such that its stake in Aveng now...

State Capture, continued: Ghosts of Zuma and Conflicts of Interest lurk behind Jiba, Mrwebi SCA majority finding

Former President Jacob Zuma's rape trial as well as allegations of corruption related to the arms deal formed the unseen architecture around Tuesday's Supreme Court of...

Emile Ormond: Deceptively Simple? How SA can boost investor sentiment

Dutch football legend Johan Cruyff famously said that "football is a simple game. It is just very hard to play it simple". The same rings true...

#Russia2018: In Pictures: England are going home and still can’t scratch that World Cup-ić

Home after the third-place playoff, that is.

Thorts - China's commitment to direct investment in SA continues

The recent announcement that China’s Sinopec is buying a controlling stake in Chevron South Africa is indicative of the strength of Chinese companies’ appetite for direct...

12 July 2018

Steinhoff thrashes out debt plan with creditors

The beleaguered retailer has to secure support by 20 July or it could face a reorganisation under Austrian company law.

Glencore cooperating with US investigation

The group has formed a board committee led by chairman Tony Hayward to oversee its response to the US Department of Justice.

Gold Brands offloads Black Steer to cut debt

The casual dining group is selling assets after recent results cast doubt on its ability to continue as a going concern.

Michael Hulley 2.0: Zuma's new lawyer Mantsha was once struck off the role, and later delivered Denel to the Guptas - basically, he's ideal for the job

Shocking but not surprising: former President Jacob Zuma has appointed a new attorney to represent him - a man who was once labelled dishonest by a...

#100MenMarch: Hundreds gather to drum home message of no gender-based violence

As the fight against the abuse of women and children continues, a number of organisations held a march to the Union Buildings in Pretoria to show their support...

Zapiro: Jonas and the Whale

11 July 2018

Anchor sells stockbrokers to black investors

Rebosis founder Sisa Ngebulana is leading a consortium that has bought a controlling stake in Anchor Stockbrokers.

Miranda reduces losses as it implements new strategy

The coal-focused group is disposing of its assets and reinventing itself as a producer of polymetallic concentrates.

ANALYSIS: In the run-up to 2019 elections, Ramaphosa's action options are severely limited

Over the weekend President Cyril Ramaphosa met with Zulu King Goodwill Zwelithini, publicly assuring him that government and the ANC had no interest in removing land...

OP-ED: First it was Oudekraal - now the City of Cape Town wants to sell off Maiden's Cove

The City of Cape Town has advertised the sale and lease of precious public open space in the protected scenic coastal reserve known as Maiden's Cove....

EU says UK Brexit minister’s resignation not a problem

The resignation of Britain's Brexit minister David Davis is not a problem for the EU, a spokesman for the bloc said Monday, insisting Brussels was ready...

TOUR DE FRANCE: In Pictures: Boo for Froome as BMC take team time trial on stage three

It was also a very satisfying day for Froome, the Kenyan-born Briton ignoring some booing at the start line and working with his team to make...

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